This research aims to obtain further knowledge regarding the consumption of alcoholic beverages of university students in the city of Lima, in terms of frequency and quantity. Also, find if this consumption is related to positive and negative alcohol expectancies, and to drinking refusal self-efficacy. For this purpose, a questionnaire designed by the researcher was used; as well as a questionnaire designed by Flórez-Alarcón (2001). The data was analyzed using the Spearman correlation coefficient, and the Mann Whitney Test to compare between groups. Results indicate that high drinking refusal self-efficacy is related to lower frequency of consumption and less quantity on any one occasion; and positive alcohol expectancies is related to higher frequency and quantity of consumption.